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Trump Tax Cuts Only Helped Rich People
#6
Hoot Gibson Wrote:Poor men don't pay any federal income taxes, so raising or lowering tax rates has absolutely zero impact on the poor.

Tariffs are another matter. They are a consumption tax that hits all Americans.

Cutting tax rates for businesses and individuals who actually pay taxes always results in higher GDP growth, all else being equal. The only thing you are right about is that our GDP growth is no where near where it should be. You are wrong about everything else.

Continued huge budget deficits, steep tariffs, and fears among businesses of trade wars have stifled economic growth, imo.

JFK knew, as did Reagan, that lowering tax rates spurs economic growth. The evidence that increasing federal payouts to non-taxpayers (known in your circles as cutting taxes on the poor) has no positive impact on the economy is all around you.

YOU CANNOT CUT TAXES ON THE 50 PERCENT OF AMERICANS WHO PAY NO FEDERAL INCOME TAXES. That is an undisputable fact.

Poor men DO pay taxes. Where do you think their money goes when they buy groceries? They pay sales tax. Where do you think their money goes when they buy gasoline? They pay gasoline tax.

You get my drift.

If you make money and your tax rate increases, explain to me, o economic guru, how someone does not pay more tax? If you make money and your ta rate lowers, tell me, o economic guru, how someone does not pay less tax for it? It's proven time after time that giving money to the poor helps them and it helps the economy. Franklin Roosevelt took over in the 1930's and he made sure that people in need had a safety net. What is so bad about that? They use that money for groceries, goods, gasoline, things to help them survive. And Republicans want to take that away.

"YOU CANNOT CUT TAXES ON THE 50 PERCENT OF AMERICANS WHO PAY NO FEDERAL INCOME TAXES."

Go all caps. That one doth got me!
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Trump Tax Cuts Only Helped Rich People - by Sci-Fi - 06-13-2019, 10:12 PM

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